XRP's Futures Faithful Face a Spot-Market Reality Check
Published on 11/10/2026 at 15:32 | Editorial boerse-global.de
XRP is caught in a tug-of-war between two very different groups of traders. On Binance's perpetual futures market, bullish positioning has climbed to its most crowded level in over a year. Meanwhile, the spot side of the ledger tells a far gloomier story — one of heavy selling, shrinking ETF demand and a price that keeps drifting toward the psychologically loaded $1 mark.
The token changed hands at $1.08, with a separate read putting it at $1.09 — the discrepancy reflecting a market that moved through the session. Either way, the direction of travel has been downward, and Thursday's rout in US technology and AI stocks, led by Nvidia, spilled straight into major cryptocurrencies. Leveraged positions were liquidated in the process, according to media reports.
Where the selling is coming from
CryptoQuant's cumulative volume delta for XRP on Binance sits at roughly minus 4.33 million XRP. The metric pits immediately executed market sells against market buys, and the negative reading points to a clear surplus of sellers. That overhang can stem from positions being closed or existing holdings being offloaded, CryptoQuant notes. What would matter for a turnaround is buyers stepping up to absorb those sales — and so far, that demand has been missing.
The spot ETFs have added their own drag. US-listed XRP spot funds recorded net outflows of about $10.42 million yesterday, the heaviest single-day withdrawal in eight months, according to media reports. Before that, the products had gone four trading sessions without any net flows at all. A more constructive read on the market would only be justified once the funds start attracting money again while the sell-side imbalance in direct trading eases.
Should investors sell immediately? Or is it worth buying XRP?
Leverage builds where spot demand doesn't
The derivatives picture is almost the mirror image. CryptoQuant analyst Darkfost flagged that the rolling 30-day funding sum for XRP perpetual futures on Binance has reached around +0.18% — the highest level in more than a year. In plain terms, traders are paying up to stay long, and the report characterizes that positioning as optimistic.
Darkfost's caution is hard to miss: crowded long books are vulnerable. If prices keep sliding, liquidations of those positions could pour fuel on the downside. His advice is to watch funding rates alongside ETF flow data rather than treating bullish futures bets as a standalone reason to enter the market.
A second CryptoQuant report, this one from Amr Taha, shows activity heating up rather than cooling. Average daily XRP spot volume across tracked exchanges over a seven-day window jumped 53.2%, climbing from $513 million to $786 million. On top of that, the combined count of net-depositing wallets on Coinbase, Bybit and one other tracked crypto exchange hit 4,744 yesterday — with each venue logging its highest reading since August 20.
That burst of activity cuts both ways. It gives the bullish futures stance and the ETF outflows a busier backdrop, but it only becomes a genuine positive if the extra trading interest translates into durable demand.
XRP at a turning point? This analysis reveals what investors need to know now.
The levels that matter now
Technically, $1.07 is the next marker to watch. A slip below it brings the $1 support into focus, and a break there could set off another wave of long liquidations and amplify volatility.
The broader market supplies the key caveat to all this optimism. Thursday's selloff in US tech and AI shares had already bled into crypto, triggering sizable liquidations of leveraged positions, according to media reports. For XRP, the recovery hopes priced into the futures curve now sit opposite an environment that remains fragile. Higher trading activity and growing appetite for positions could support a steadier path — but only if fresh demand rises to meet the selling. The fund outflows and the recent liquidations show exactly where that confidence could crack: in a fresh pullback in risk appetite.
Ad
XRP Stock: New Analysis - 10 November
Fresh XRP information released. What's the impact for investors? Our latest independent report examines recent figures and market trends.
